Greg Schvey

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Greg Schvey

Greg Schvey

@GSchvey

| Tech, markets, history, MMA | COO at @Yumagroup; opinions my own | Founded + sold fintech businesses to @DCGCo + @LSEplc | Life is too short for lazy workouts

Katılım Mayıs 2022
1.2K Takip Edilen2K Takipçiler
Greg Schvey retweetledi
Nic
Nic@Nic_B1m·
This is a huge achievement. 1TB of data in 1 single transfer and in 3 min. Proud of the team, miners and the subnet we are building. Next phase is programmability and plug into other subnets. Thank you to @MaxScore and @YumaGroup SN105 #Bittensor b1m.ai
Beam - Subnet 105@b1m_ai

1.12 TERABYTE in 3 MINUTES & 40 SECONDS. Beam successfully orchestrated 1TB of data across its decentralized bandwidth network. This milestone represents hundreds of concurrent data streams coordinated across independent operators, moving enterprise-scale workloads over decentralized infrastructure. Every milestone like this brings us closer to a future where AI and enterprises can move massive datasets without relying on traditional centralized networks. This is what programmable bandwidth looks like. We're just getting started. #Bittensor #AI #Infrastructure #SN105 b1m.ai

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Greg Schvey
Greg Schvey@GSchvey·
It takes a lot of work to reliably run infrastructure for 100+ 24/7 subnets Impressive progress from the Yuma validator team
Yuma@YumaGroup

The Yuma validator just surpassed 900,000 $TAO staked. Every TAO staked with Yuma is a vote prioritizing active participation in Bittensor over passive extraction. We don't weight-copy. We operate our own validator infrastructure, perform our own research, submit our own weights, and are dedicated to supporting the Yuma Consensus that ensures quality intelligence production. We believe the best validators help grow the network, and we are grateful for the community's trust and partnership in this mission. Next stop: 1,000,000

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Greg Schvey
Greg Schvey@GSchvey·
@Motor1com Enzo would never have allowed this If there's anything for @Ferrari to be pleased about it's that their fans love the brand enough to reject this
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Motor1
Motor1@Motor1com·
Ferrari says it was "pleased" by the Luce's backlash, and claims, "whenever you develop something new, the novelty scares everybody." motor1.com/news/801638/fe…
Motor1 tweet media
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Greg Schvey retweetledi
Yuma
Yuma@YumaGroup·
The @mentatminds team is exactly right, and it's why we built the Yuma Composite Index, YCX. Sum of Subnets is an unweighted total of Bittensor subnets: any single subnet can move it. Over the past 30 days SoS rose 7.5% while YCX rose only 0.6%. The gap is almost entirely two subnets: SN40 (0.16% of network market cap) up 555%, and SN116 (0.39% of market cap) up 253%, both moving on thin liquidity. YCX is market-cap weighted so no single illiquid subnet can swing the whole index, the same way a microcap tripling doesn't move the NASDAQ composite.
Yuma tweet media
Mentat@mentatminds

The Sum of Subnets is recovering: +7.6% over the past 30 days. A rebound like this could suggest renewed interest in the subnet market as a whole. But the reality is quite different 🧵

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Greg Schvey
Greg Schvey@GSchvey·
We spend a good amount of time educating investors about the opportunities in Bittensor and $TAO They're increasingly realizing what's possible
Yuma@YumaGroup

The @TWA_News take on the Bittensor, bittensor:native, and subnet opportunity: "What I keep coming back to is the gap this actually closes. Wealth managers have spent two years telling clients they missed the early AI trade, or that the only way in now is through the same seven stocks everyone else already owns. Yuma's pitch is that the trade isn't over, it's just been happening somewhere most of the industry hasn't been looking." Link in thread.

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Greg Schvey
Greg Schvey@GSchvey·
@atl_btd_rekt @AlgodTrading I understand your point, but would caution you not to frame it that way. Experimenting is the nature of tech. There needs to be room for that. I applaud addressing things quickly as a general matter. My concern is about how we handle dialogue.
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Just
Just@atl_btd_rekt·
@GSchvey @AlgodTrading Many sharp minds pointed that out even before Algod, it is just OTF got too embarrassed by this
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Greg Schvey
Greg Schvey@GSchvey·
.@AlgodTrading spent the last week trying to engage the Bittensor community with a concern about the new emissions formula, only to be shouted down Yesterday OTF merged a PR that addresses the concern Rational discourse is critical to progress. Be open to ideas from all
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Greg Schvey
Greg Schvey@GSchvey·
We are *already* in a world where the government determines who has access to advanced cognition
The Kobeissi Letter@KobeissiLetter

BREAKING: The Trump Administration has struck a deal with Anthropic which grants the company permission to release its Mythos 5 model to a group of ~100 companies and federal agencies, per CNBC. Details include: 1. Senior Anthropic staffers flew to Washington DC to meet with members of the Trump Administration 2. Anthropic said earlier this month that it disabled access to its Fable 5 and Mythos 5 models to comply with an export control directive from the government 3. The Trump Administration and Anthropic have been in a two-week-long standoff over its latest models This deal will have industry-wide implications.

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Greg Schvey
Greg Schvey@GSchvey·
This does seem structurally feasible and exactly the kind of thing we need to consider. If I understand correctly, you're saying that with a low registration price, since root prop starts very high, there's a registration price threshold below which the cumulative emissions earned by the subnet operator could be greater than the cost, which you define as extractive. The risk you describe is exacerbated if the operator is doing self validating / staking / mining, since they'd get more personal access to the TAO emissions. Relative low liquidity in the early days could also help drive up price (another factor in emissions determination). An important countervailing force is the price EMA, which starts at the pool floor and takes 28 days to rise. Even with a high root prop, it takes a while to get the price EMA up. Would need to simulate this to assess how real the risk is, but I do see your point.
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Algod
Algod@AlgodTrading·
@GSchvey there is a tipping point where reg fee is low enough to extract money due to higher emissions this should be removed before it causes any harm, another rushed update that will cause leakage in the near future
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Greg Schvey
Greg Schvey@GSchvey·
The latest Bittensor emission change is working exactly as intended. Until recently, emissions were based on an EMA of net bittensor:native flow. Now it's: Price EMA * root prop * (1-miner burn) This gives a boost to newer subnets who are fully engaged with the network and already have positive market support The visual below shows all subnets, sorted by current TAO emissions. Left chart is emissions before the changes (orange bars) and since the changes (blue bars) Second chart shows the price of each subnet from lowest market price to highest market price Third chart is root proportion (0-100%) Fourth chart is miner burn (0-100%) It's easy to see how the factors are now directing TAO emissions
Greg Schvey tweet media
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Greg Schvey
Greg Schvey@GSchvey·
@jizmo777 @YumaGroup @BarrySilbert We’ve gotten increasing requests for this The benefit is not only Yumas initial diligence in selection, but also ongoing support for those subnets. The impact is tangible and, frankly, there are some fantastic builders in the portfolio Would consider this for a future fund
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SnoopyJizmo2025
SnoopyJizmo2025@jizmo777·
@BarrySilbert @YumaGroup Congratulations on the launch of the new Yuma Total Market Fund! One request from many in the Bittensor community: please ensure that Yuma-accelerated subnets receive meaningful representation in the fund's allocation. This includes projects such as Beam (SN105) @b1m_ai , Score (SN44), Bitsec (SN60), RedTeam (SN61), Numinous (SN6), StreetVision, and other subnets that Yuma is actively supporting and accelerating. Many community members are excited about the fund, but they would also like to see strong alignment between Yuma's accelerator efforts and the fund's subnet exposure. Greater transparency around the fund's holdings and allocation weights would be greatly appreciated as well. This fund has the potential to become a major catalyst for the entire Bittensor ecosystem. Looking forward to seeing how it evolves. #Bittensor #TAO
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Greg Schvey
Greg Schvey@GSchvey·
Today we launched a new fund that gives investors the ability to access TAO and subnet tokens with a single allocation. @YumaGroup 's Total Market Fund allocates according to the distribution of TAO in root relative to subnet pools. Accordingly, the fund currently allocates ~80% to TAO and ~20% to subnets. The allocation across subnets is determined by market cap, similar to Yuma's Composite Fund. It's the perfect vehicle for investors entering Bittensor who want initial exposure via the base asset ($TAO) and auto-adjusting exposure to the network's intelligence machines (subnets); similar strategically to a '60/40' portfolio in traditional investing. The new vehicle is anchored by a substantial initial investment from a large fund with deep experience in crypto markets.
Greg Schvey tweet media
Yuma@YumaGroup

x.com/i/article/2069…

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Greg Schvey
Greg Schvey@GSchvey·
@DrocksAlex2 @DeFimorphosis @YumaGroup Excellent question. The fund does in fact have checks and filters for things like low liquidity. Market cap is a target state, depending on market conditions, but we designed it to ensure we’re not subject to the issues you described
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Alex DRocks
Alex DRocks@DrocksAlex2·
@GSchvey @DeFimorphosis @YumaGroup Question, why not use Liquidity in pool instead of marketcap to be sure there's no new subnet with low liquidity and temporary high marketcap because of that?
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Keşfet

@MaxScore @YumaGroup @Motor1com @Ferrari @mentatminds @stillcorecap @b1m_ai @atl_btd_rekt